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Any Connexus Credit Union Members here?

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Any Connexus Credit Union Members here?

 
Old 06-14-2019, 08:33 AM
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GR8-LIFE
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Default Any Connexus Credit Union Members here?

Their Shared 12 mo CD Rate is one of the highest annual yields Ive seen so far this year and has advantages that you dont find elsewhere. with CD's. anywhere, including Sally Mae
It doesnt look like feds are going to move so I'm thinking about locking a chunk of funds in

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Old 06-14-2019, 02:58 PM
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Originally Posted by GR8-LIFE View Post
Their Shared 12 mo CD Rate is one of the highest annual yields Ive seen so far this year and has advantages that you dont find elsewhere. with CD's. anywhere, including Sally Mae
It doesnt look like feds are going to move so I'm thinking about locking a chunk of funds in
Yes. I just locked down a 36-mo CD there this week. Their rates are so good, I don't expect it to last long.

And the feds might move in 2019, but it won't be in the right direction if they do...

I like to build my own CD ladders, and basically search for whoever has the best rate at the time. All these smaller banks and Credit Unions have rates that are the best one month and then mediocre the next. As long as they are FDIC (or NCUA for Credit Union) insured, who cares about anything else? I've probably had CDs or Savings accounts at 20-30 banks. The only thing that matters is APY.

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Old 06-14-2019, 03:23 PM
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GR8-LIFE
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Originally Posted by xwing View Post
Yes. I just locked down a 36-mo CD there this week. Their rates are so good, I don't expect it to last long.

And the feds might move in 2019, but it won't be in the right direction if they do...

I like to build my own CD ladders, and basically search for whoever has the best rate at the time. All these smaller banks and Credit Unions have rates that are the best one month and then mediocre the next. As long as they are FDIC (or NCUA for Credit Union) insured, who cares about anything else? I've probably had CDs or Savings accounts at 20-30 banks. The only thing that matters is APY.

YUP, Smart. Im looking at a similar structured plan - but large amounts so I am looking at 3-4 sources as long as they are strong. i mean sometimes you just have to be carefull with some of these institutions. You cant just assume stability

Here are my 4 so far are

Connnexus 2.75 12 mo
Navy Federal Credit has a 10 mo 2.75 . I love the idea OF A mo CD but the max is 100K
Comenity Direct has a 12 MOS 2.89 rate and they are solid as an on line source and have IRA Cd's
Sally mae 12 mos is at at 2.75 (and their savings account apy is hard to beat)

I wish Navy Would do higher amounts but its 10 months so I shouldn't be bitching NAVY allows 21 days (instead of the typical 10) on maturity
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